India's Signature Global is Motilal Oswal's 'top pick' for 2025

Signatureglobal (India)

02/01/2025 10:12

** Shares of real-estate firm Signature Global  SIGT.NS 
rise 3% to 1,395 rupees 
    ** Motilal Oswal says SIGT is its top pick for 2025
    ** Brokerage keeps "buy" with 2,000 rupees TP, a 50% upside
to last close
    ** Sees 90% rev CAGR over FY24-27 on project growth; says
SIGT poised to capitalize on demand with presence in key
locations like Gurugram
    ** Expects 35% pre-sales CAGR over FY24-27
    ** SIGT rated the equivalent of "strong buy" on avg by 3
analysts, median TP is 2,000 rupees - LSEG data 
    ** Stock gained 56% in 2024

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))